Multiple Choice
Figure 16-1
Number of workers needed to produce one unit of each of the following goods:
-What can be said regarding absolute advantage in production for the two countries shown in Figure 16-1?
A) Colombia has an absolute advantage in producing both calculators and radios.
B) Korea has an absolute advantage only in producing calculators.
C) Korea has an absolute advantage in producing both radios and calculators.
D) Neither country has an absolute advantage in producing radios.
E) Colombia has an absolute advantage only in producing calculators.
Correct Answer:
Verified
Correct Answer:
Verified
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